Reykjavik prices

1000 ISK = 7.45 USD

Reykjavik hotel prices

Rating

Price (USD)

26.84 - 67.09

47.98 - 85.67

60.20 - 220.19

130.68 - 262.53

37.27 - 547.16

Reykjavik hostel prices

Type

Price (USD)

Hostel bed

20.81 - 37.53

Hotel seasons

Hotels in Reykjavik generally consider the period between May and September to be the high season, though prices can be even higher in June and July. Many hotels drop their prices significantly during the rest of the year, so if the midnight sun isn’t important to you then you can save money coming between October and April.

Reykjavik is famously expensive, although it’s gotten a bit better since the 2008 currency crisis. Still, nearly everything you will want to do will cost more than almost anywhere else in Europe, or on the planet for that matter.

Hotels in Reykjavik can actually be reasonably priced if you shop early to find a good deal, or if you come outside of the main tourist season in summer. Shared bathrooms are pretty much the norm all over Iceland in the budget category, and you rarely even get a sink in the room, so get used to that. There are a few hostels in Reykjavik as well, which can keep from exploding your budget. Take note of the fact that most of the cheaper hotels and hostels are actually some distance from the city proper, so they may not be ideal even if they are cheap.

Food is quite expensive, as is any kind of alcohol. Think about the duty free shop on your way in and start off in your hotel room.

Most people only stay in the city for a day or two and then they circle the island in a bus or a rental car. Once outside Reykjavik prices do ease a bit, but the whole experience is so amazing that it’s hard to feel bad if you can afford it somehow.

Weather advice

Even though winter temperatures in Reykjavík aren’t nearly as cold as most people would expect for a place near the Arctic Circle, it’s still not a good time to come. It can be very windy and the days are very short, even if you don’t get great snow pile-ups. Summer is the best time to come, of course, with warm days and reasonable nights. Spring and fall are fine as long as you are dressed properly.